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Base metals could soon take off from the base again
The inflation figures have been published. If we want to get an idea of where inflation is heading before the release, we analyze the commodities… chart By the way, commodities are extremely cheap compared to the S&P500 index… chart The ISM figures were also published this week. The copper/gold ratio used to have a very high correlation with the economic number. Copper tended to perform better in positive economic cycles, gold during the rest of the time. In the meantime, however, times are changing due to the high demand for copper (electrification) and gold (financial system and geopolitical ... (full story)